DLH Holdings Corp.·4/A

Jul 31, 6:23 PM ET

Mink Brook Asset Management LLC 4/A

Research Summary

AI-generated summary

Updated

DLH Holdings (DLHC) 10% Owner Mink Brook Buys Shares

What Happened
Mink Brook Asset Management LLC, identified as a 10% owner of DLH Holdings Corp. (DLHC), acquired a total of 14,882 shares in two purchases in early July 2026 for an aggregate cost of about $77,534. The filing reports:

  • 5,460 shares purchased on 2026-07-02 at a weighted average price of $5.25 (total ≈ $28,652).
  • 9,422 shares purchased on 2026-07-06 at a weighted average price of $5.19 (total ≈ $48,882).
    These were purchases (reporting code P), which are generally interpreted by investors as buying interest rather than sales.

Key Details

  • Transaction dates and prices:
    • 2026-07-02: 5,460 shares @ $5.25 (weighted avg; see F2 for price range $5.21–$5.25).
    • 2026-07-06: 9,422 shares @ $5.19 (weighted avg; see F5 for price range $5.12–$5.24).
  • Total shares purchased: 14,882; total reported cash spent: ≈ $77,534.
  • Filing status: This is an amended Form 4 filed 2026-07-31; footnote F1 says the amendment corrects a mathematical error.
  • Ownership after transaction: Not specified in the information provided in the summary.
  • Beneficial ownership notes:
    • Footnote F4 indicates the reported securities are owned directly by Mink Brook Partners LP (the Fund); Mink Brook Asset Management is the fund’s investment manager and may be deemed to beneficially own the Fund’s holdings.
    • Footnote F3 contains a disclaimer that the manager and related entities disclaim beneficial ownership except to the extent of pecuniary interest.
  • Multiple transactions: The reported column 4 prices are weighted averages; the filer offers to provide trade-level prices on request (F2, F5).

Context

  • This filing reflects institutional purchases by a 10% owner (an investment manager/fund), not trading by an individual executive. Institutional buys can be informative to investors but the filing includes a manager’s disclaimer about beneficial ownership.
  • The weighted-average prices and footnotes indicate the shares were bought in multiple trades at slightly different prices rather than a single block trade.
  • The Form 4 was amended to correct an error per the filing; investors tracking insider activity should note the amendment but avoid inferring motive from the filing alone.